Eurex expands distribution network of its Trade Entry Services

Deutsche Börse owned Eurex Group has introduced connectivity of Trade Entry Services (TCP’s) via the enhanced Multilateral Trade Registration (MTR), with BrokerHub, Vectalis and ITG RFQ-hub to be the first TCP’s connecting.

The MTR Service allows processing of multilateral block trades by authorized trading participants of Eurex Exchange (Non-Clearing Members) as well as members of Eurex Clearing.

According to Eurex Group, the service expansion will increase the efficiency of block trade execution and processing for Eurex listed derivatives via an automated straight-through process (STP). Eurex also stressed that the service expansion will enhance the transparency and audit trail throughout the trade life cycle, from the preliminary negotiation to the final confirmation by the counter parties and acceptance by Eurex Clearing.

“We are pleased to welcome BrokerHub, ITG RFQ-hub and Vectalis as the first Trade Capture platforms to establish direct connectivity to the Eurex Trade Entry Services. With the enhancement, clients will benefit from an STP trade registration and clearing process. We look forward to strengthening our collaboration and further expanding the offering,” said Matthias Graulich (pictured), Chief Client Officer and member of the Eurex Clearing board.

Graulich has been appointed as member of the executive board of Eurex Group as of 1 August. He has been with Deutsche Börse Group since 2001 and part of Eurex Clearing since 2010. Graulich continues in his role as Chief Client Officer, where he is in charge of the Clients & Markets department.